Sobhagya Mercantile Ltd. — Proxy Solicitation & Information Statement 2024

May 27, 2024

SOBHAGYA MERCANTILE LIMITED

CIN: L45100MH1983PLC031671

Registered Office - B-61, Floor 6, Plot No. 210, B-Wing, Mittal Tower, Free Press Journal Marg, Nariman Point, Mumbai - 400021, Maharashtra, India

Contact Details: - Phone - 022-22882125 email - sobhagyamercantile9 @gmail.com

Website: www.sobhagyaltd.com

To, Date: 27/05/2024

Department of Corporate Service (DCS-CRD) BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Fort Mumbai - 400001

Subject: Submission of Notice of Postal Ballot.

Scrip Code: 512014 (SOBHAGYA MERCHANTILE LTD.)

Dear Sir/Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, please find attached herewith a copy of the Postal Ballot Notice of Sobhagya Mercantile Limited ("the Company") dated 27 May, 2024 along with explanatory statement, for seeking approval of the Members of the Company to transact the special business as set out below and as contained in the Postal Ballot Notice ("Notice") by passing Ordinary Resolution, through Postal Ballot only by way of remote e-voting process.

Sr. No.	Description of Resolution	Type of Resolution
1.	Approval for Material Related Party Transaction (s).	Ordinary

The said Notice is also being made available on the website of the Company at www.sobhagyaltd.com. And on the website of NSDL at www.evoting.nsdl.com.

Following are the major timelines, as mentioned in the notice of the Postal Ballot:

Cut-off date for e-voting	Friday, 24 May, 2024
E-voting start date and time	Wednesday, 29t May, 2024 at 10:00 a.m. (IST)
E-voting end date and time	Thursday, 27 June, 2024, at 5.00 p.m. (IST)
Submission of Scrutinizer's Report	on or before 1st July, 2024
Announcement of Postal Ballot results	July, 2024 on or before 1

This is for your information and records.

Yours faithfully FOR SOBHAGYA MERCANTILE LIMITED

SHRIKANT MITESH BHANGDIYA

SHRIKANT BHANGDIYA MANAGING DIRECTOR (DIN-02628216)

Encl.: As above

SOBHAGYA MERCANTILE LIMITED

CIN: L45100MH1983PLC031671

Registered Office: B-61, Floor 6, Plot No. 210, B-Wing, Mittal Tower, Free Press Journal Marg, Nariman Point, Mumbai - 400021, Maharashtra, India

Tel: 022-22882125

Email: sobhagyamercantile9 @ gmail.com Website: www.sobhagyaltd.com

NOTICE OF POSTAL BALLOT

[Pursuant to Section 110 of the Companies Act, 2013 read with the Companies (Management and Administration) Rules, 2014, each as amended]

Dear Member(s),

NOTICE is hereby given pursuant to Section 110 read with Section 108 and other applicable provisions, if any, of the Companies Act, 2013, ("Act") (including any statutory modification(s) or re-enactment(s) thereof for the time being in force) read with Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014, (including any statutory modification(s) or re-enactment(s) thereof for the time being in force) ("Rules"), Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), in compliance with the General Circular Nos. 14/2020 dated April 08, 2020, 17/2020 dated April 13, 2020, 20/2020 dated May 5, 2020, 22/2020 dated June 15, 2020, 33/2020 dated September 28, 2020, 39/2020 dated December 31, 2020, 10/2021 dated June 23, 2021, 20/2021 dated December 08, 2021, 03/2022 dated May 05, 2022, 11/2022 dated December 28, 2022 and 09/2023 dated September 25, 2023 issued by the Ministry of Corporate Affairs, Government of India ("MCA Circulars"), read with applicable circulars issued by the Securities and Exchange Board of India ("SEBI Circulars") and Secretarial Standard on General Meetings ("SS-2") issued by the Institute of Company Secretaries of India, as amended from time to time and any other applicable law, rules and regulations (including any statutory modification(s) or re-enactment(s) thereof for the time being in force) for seeking the approval of the Members of Sobhagya Mercantile Limited ("The Company") to transact the Special Business as set out below and as contained in the Postal Ballot Notice dated 27 May, 2024 ("Notice"), by passing Ordinary Resolution through postal ballot, only by way of remote e-voting process.

SPECIAL BUSINESS:

Item No.1. Approval for Material Related Party Transaction(s)

To consider and if thought fit, to pass, with or without modification(s) the following resolution as an Ordinary Resolution:

"RESOLVED THAT pursuant to the provisions of Regulation 23(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, ("SEBI Listing Regulations"), the applicable provisions of the Companies Act,

2013 ("Act") read with Rules made there under, other applicable laws/statutory provisions, if any, (including any statutory modification(s) or re-enactment(s) thereof, for the time being in force), the Company's Policy on Related Party Transactions, and subject to such approval(s), consent(s), permission(s)as may be necessary from time to time and basis the approval and recommendation of the Audit Committee and the Board of Directors of the Company, the approval of the Members of the Company be and is hereby accorded to the Board of Directors of the Company (hereinafter referred to as the "Board", which term shall be deemed to include any Committee constituted / empowered / to be constituted by the Board from time to time to exercise its powers conferred by this resolution) to continue with the existing contract(s)/arrangement(s)/transaction(s) and/or enter into/execute new contract(s)/ arrangement(s)/ transaction(s) (whether by way of an individual transaction or transactions taken together or series of transactions or otherwise) with entities falling within the definition of 'Related Party' under Section 2(76) of the Act and Regulation 2(1)(zb) of the SEBI Listing Regulations, in the course of the business on such terms and conditions as mentioned in the explanatory statement to this Resolution and as may be mutually agreed between related parties and the Company, such that the maximum value of the Related Party Transactions with such parties, in aggregate, does not exceed value as specified under each category for financial year 2024-25, provided that the said contract(s)/arrangement(s)/ transaction(s) being carried out at arm's length and in the ordinary course of business of the Company."

"RESOLVED FURTHER THAT the Board, be and is hereby authorized to do all such acts, deeds, matters and things as it may deem fit at its absolute discretion and to take all such steps as may be required in this connection including finalizing and executing necessary documents, contract(s), scheme(s), agreement(s) and such other documents as may be required, seeking all necessary approvals to give effect to this resolution, for and on behalf of the Company and settling all such issues, questions, difficulties or doubts that may arise in this regard and to take all such decisions from powers herein conferred to, without being required to seek further consent or approval of the Members and that the Members shall be deemed to have given their approval thereto expressly by the authority of this resolution."

"RESOLVED FURTHER THAT all actions taken by the Board, or any person so authorized by the Board, in connection with any matter referred to or contemplated in this resolution, be and are hereby approved, ratified and confirmed in all respects."

For and on behalf of the Board of Directors of Sobhagya Mercantile Limited

Sd/- Shrikant Bhangdiya Managing Director (DIN: 02628216)

Place: Nagpur Date: 27th May, 2024

NOTES:

1. The relevant explanatory Statement pursuant to the provisions of Section 102 of the Act read with Section 110 of the Act and Rule 22 of the Rules, as amended, setting out the material facts relating to the aforesaid resolutions and the reason thereof is annexed hereto and forms part of this Notice.

2. In compliance with the MCA Circulars and the SEBI Circulars, this Postal Ballot Notice is being sent only through electronic mode to those Members whose email addresses are registered either with the Company or the Register & Share Transfer Agent ("RTA") of the Company (Purva Sharegistry (I) Private Limited) or their respective Depository Participants as on Friday, 24 May, 2024 (i.e. "Cut-off Date"). The members holding shares in dematerialized mode are requested to register / update their KYC details including email address with their respective depository. The members holding shares in physical form are requested to register / update their KYC details including email address by submitting duly filled and signed form ISR-1 to RTA of the Company.

3. The Company is providing the facility of remote e-voting to its members and has engaged the services of National Securities Depository Limited ("NSDL") for this purpose. The members are requested to go through the detailed "INSTRUCTIONS FOR E-VOTING" and Notes appended to the Postal Ballot Notice.

4. Members may note that the Postal Ballot Notice will also be available on the website of the Company (www.sobhagyaltd.com) and also on the website of the Stock Exchange where the equity shares of the Company are listed i.e. BSE Limited (www.bseindia.com) and on the website of the evoting agency, NSDL (www.evoting.nsdl.com).

5. The remote e-voting period shall commence on Wednesday, 29% May, 2024 at 10:00 a.m. (IST) and shall end on Thursday, 27% June, 2024, at 5.00 p.m. (IST). Members are requested to record their Assent or Dissent on the resolution set out in this Postal Ballot Notice through the remote e-Voting process not later than 5.00 p.m. (IST) on Thursday, 27 June, 2024. Remote e-Voting shall be disabled by NSDL immediately thereafter. During this period, the members of the Company holding shares in physical or electronic form as on the Cut-Off Date may cast their vote electronically. .

6. Only those Members whose names are appearing in the Register of Members / List of Beneficial Owners as on the Cut-Off Date shall be eligible to cast their votes through postal ballot by remote evoting. The voting rights of eligible members shall be in proportion to their share(s) in the paid-up equity share capital of the Company as on the Cut-off Date. A person who is not a Member on the Cut-Off Date should treat this Notice for information purposes only.

7. The manner of voting, including voting remotely by (A) individual shareholders holding shares in demat mode and (B) shareholders other than individual shareholders holding shares in demat mode and shareholders holding shares in physical mode, is appearing under "INSTRUCTIONS FOR E-VOTING" in this Notice. Members are requested to read the same carefully.

8. The Board of Directors of the Company has appointed Mr. Parag Dasarwar, Practicing Company Secretary, Nagpur, as a Scrutinizer ("Scrutinizer") to scrutinize the remote e-voting process in a fair and transparent manner.

9. The Scrutinizer will submit the report to the Chairperson of the Board Meeting approving the Postal Ballot, or any person/director authorized by the Chairperson of the Board Meeting, upon completion of the scrutiny of the votes cast through remote e-voting. The results of the Postal Ballot will be announced within two working days of conclusion of the remote e-voting process, i.e. on or before 1st July, 2024 and will be communicated to the Stock Exchange and uploaded on the Company's website at www.sobhagyaltd.com and on the website of the NSDL at www.evoting.nsdl.com.

10. The resolution passed by the members through postal ballot are deemed to have been passed as if they are passed at a general meeting of the members.

11. Electronic copies of all the documents referred to in the accompanying Notice of the Postal Ballot and the Explanatory Statement shall be made available for inspection. Members desiring inspection may send their request in writing to the Company at sobhagyamercantile9 @gmail.com. between the period Wednesday, 29th May, 2024 to Thursday, 27 June, 2024.

THE INSTRUCTIONS FOR MEMBERS FOR REMOTE E-VOTING ARE AS UNDER:

How do I vote electronically using NSDL e-Voting system?

The way to vote electronically on NSDL e-Voting system consists of "Two Steps" which are mentioned below:

Step 1: Access to NSDL e-Voting system

A) Login method for e-Voting for Individual shareholders holding securities in demat mode

In terms of SEBI circular dated December 9, 2020 on e-Voting facility provided by Listed Companies, Individual shareholders holding securities in demat mode are allowed to vote through their demat account maintained with Depositories and Depository Participants. Shareholders are advised to update their mobile number and email Id in their demat accounts in order to access e-Voting facility.

mode
	In terms of SEBI circular dated December 9, 2020 on e-Voting facility provided by Listed
	Companies, Individual shareholders holding securities in demat mode are allowed to vote
demat through account their	maintained Depository Depositories and with Participants.
	Shareholders are advised to update their mobile number and email Id in their demat accounts
	Login method for Individual shareholders holding securities in demat mode is given below:
Type of shareholders	Login Method
Individual Shareholders	Existing IDeAS user can visit the e-Services website 1.
holding securities in demat	of NSDL Viz. https://eservices.nsdl.com either on a
mode with NSDL.	Personal Computer or on a mobile. On the e-Services
	Owner" home "Beneficial page icon click on the
	"Login" 'IDeAS' which under under available is
	will prompt you to enter your existing section, this
	Password. User successful After ID and_
	e-Voting authentication, you able will be see to
	services under Value added services. Click on "Access
	to e- Voting" under e-Voting services and you will be able to see e-Voting page. Click on company name or
	e- Voting service provider i.e. NSDL and you will be
	re-directed to e-Voting website of NSDL for casting
	your vote during the remote e- Voting period.
	If you are not registered for IDeAS e-Services, option
	https://eservices.nsdl.com. available register to at is
	Select "Register Online for IDeAS Portal' or click
	at
	https://eservices.nsdl.com/SecureWeb/IdeasDirectReg.
	jsp
	NSDL. Open web e-Voting website Visit the of
	URL: browser following typing by the
	https:/Awww.evoting.nsdl.com/ Personal either on a
	Computer or on a mobile. Once the home page of e
	Voting system is launched, click on the icon "Login"
	'Shareholder/Member' which under available is
	5

	You new will have screen open. section. A will to demat User your your sixteen-digit enter ID (i.e. account number hold with NSDL), Password/OTP and shown Code Verification screen. After on the as a successful authentication, redirected you will be to NSDL Depository site wherein you can see e-Voting company name or e-Voting Click on service page. provider i.e. NSDL and you will be redirected to e Voting website of NSDL for casting your vote during the remote e- Voting period. NSDL Shareholders/Members download can also Mobile App "NSDL Speede" facility by scanning the QR mentioned below seamless code voting for experience. NSDL Mobile App is available on
Individual Shareholders	é App Store > Google Play Users who have opted for CDSL Easi
holding securities in demat mode with CDSL	/ Easiest facility, can login through their existing user id and password. Option will be made available to reach e-Voting page without any further authentication. The users to login CDSL requested website / Easiest Easi are visit to & New www.cdslindia.com and click on login icon System Myeasi Tab and then user your existing my easi username & password. After successful login the Easi / Easiest user will be
	able to see the e-Voting option for eligible companies where the evoting is in progress as per the information provided by company. On clicking the evoting option, the user will be able to see e-Voting page of the e Voting service provider for casting your vote during the remote e- Voting period. Additionally, there is also links provided to system of all e-Voting access the Service Providers, user can that the the so visit e Voting service providers' website directly.
	If the user is not registered for Easi/Easiest, option to CDSL website available register at is www.cdslindia.com and click on login & New System Myeasi Tab and then click on registration option. e-Voting Alternatively, access user can directly the page by providing Demat Account Number and PAN e-Voting from No. available — on link a
	6

		www.cdslindia.com home The system page. will
		OTP sending authenticate on registered user by the Mobile & Email as recorded in the Demat Account. After successful authentication, user will be able to where e-Voting option evoting see the the in is progress and also able to directly access the system of
Individual Shareholders		all e- Voting Service Providers. You can also login using the login credentials of your demat
(holding securities in their depository participants	will	account through your Depository Participant registered with demat mode) login through NSDL/CDSL for e-Voting facility. upon logging in, you will be able to see e-Voting option. Click on e-Voting option, you NSDL/CDSL Depository redirected be after site
	successful NSDL period.	to wherein e-Voting authentication, you can see feature. Click on company name or e-Voting service provider i.e. NSDL and you will be redirected to e-Voting website of remote e-Voting during casting your vote the for
		Important note: Members who are unable to retrieve User ID/ Password are advised to use Forget User ID and Forget Password option available at abovementioned website.
Helpdesk Individual for technical	Shareholders	demat mode holding any securities for in issues related to login through Depository i.e. NSDL and CDSL.
Login type		Helpdesk details
Shareholders Individual mode demat securities in NSDL	holding with	Members technical facing any login can issue in NSDL helpdesk sending request contact by at a
Individual Shareholders holding		evoting @nsdl.com or call at 022 - 4886 7000 Members facing any technical issue in login can
securities in demat mode with CDSL		contact CDSL helpdesk by sending a request at helpdesk.evoting @cdslindia.com or contact at toll free no. 1800 22 55 33

Helpdesk	for	Individual	Shareholders	holding	securities	in	demat	mode	for	any
technical			issues related to login through Depository i.e. NSDL and CDSL.

	will successful NSDL period.	be able to see e-Voting option. Click on e-Voting option, you NSDL/CDSL Depository redirected be after site to wherein e-Voting authentication, you can see feature. Click on company name or e-Voting service provider i.e. NSDL and you will be redirected to e-Voting website of remote e-Voting your during casting vote the for
Helpdesk Individual for technical	Shareholders	Important note: Members who are unable to retrieve User ID/ Password are advised to use Forget User ID and Forget Password option available at abovementioned website. mode demat holding any securities for in issues related to login through Depository i.e. NSDL and CDSL.
Shareholders Individual mode demat securities in NSDL	holding with	Members facing any technical issue login can in NSDL helpdesk sending contact request by at a evoting @nsdl.com or call at 022 - 4886 7000
Individual Shareholders holding securities in demat mode with CDSL		Members facing any technical issue in login can contact CDSL helpdesk by sending a request at helpdesk.evoting @cdslindia.com or contact at toll free no. 1800 22 55 33

B) Login Method for shareholders other than Individual shareholders holding securities in demat mode and shareholders holding securities in physical mode.

How to Log-in to NSDL e-Voting website?

• 1. Visit the e-Voting website of NSDL. Open web browser by typing the following URL: https://www.evoting.nsdl.com/ either on a Personal Computer or on a mobile.
• 1. Once the home page of e- Voting system is launched, click on the icon "Login" which is available under 'Shareholder/Member' section.
• A new screen will open. You will have to enter your User ID, your Password/OTP and a Verification Code as shown on the screen. Alternatively, if you are registered for NSDL eservices i.e. IDEAS, you can log-in at https://eservices.nsdl.com/ with your existing IDEAS login. Once you log-in to NSDL eservices after using your log-in credentials, click on e-Voting and you can proceed to Step 2 i.e. Cast your vote electronically.
• Manner of holding shares i.e. Demat | Your User ID is: (NSDL or CDSL) or Physical a) For Members who hold shares in 8 Character DP ID followed by 8 Digit demat account with NSDL. Client ID For example, if your DP ID is IN300*** and Client ID is 12****** then your user ID is IN300*** 12***##*, b) For Members who hold shares in 16 Digit Beneficiary ID demat account with CDSL. For example, if your Beneficiary ID is [2* eK ERE then your user ID is 1 D788 ai he ae 2 2 2 2 2 ke 2k 2k c) For Members holding shares in} EVEN Number followed by _ Folio Physical Form. Number registered with the company For example, if folio number is 001*** and EVEN is 101456 then user ID is 101456001 ***

• Your User ID details are given below:

• 1. Password details for shareholders other than Individual shareholders are given below:
• a) If you are already registered for e-Voting, then you can user your existing password to login and cast your vote.
  • b) If you are using NSDL e-Voting system for the first time, you will need to retrieve the 'initial password' which was communicated to you. Once you retrieve your 'initial password', you need to enter the 'initial password' and the system will force you to change your password.
  • c) How to retrieve your 'initial password'?
• (i) If your email ID is registered in your demat account or with the

company, your 'initial password' is communicated to you on your email ID. Trace the email sent to you from NSDL from your mailbox. Open the email and open the attachment i.e. a .pdf file. Open the .pdf file. The password to open the .pdf file is your 8-digit client ID for NSDL account, last 8 digits of client ID for CDSL account or folio number for shares held in physical form. The .pdf file contains your 'User ID' and your "initial password'.

• (i1) If your email ID is not registered, please follow steps mentioned below in process for those shareholders whose email ids are not registered
• 1. If you are unable to retrieve or have not received the "Initial password" or have forgotten your password:
• a) Click on "Forgot User Details/Password?"(If you are holding shares in your demat account with NSDL or CDSL) option available on www.evoting.nsdl.com.
• b) Physical User Reset Password?" (If you are holding shares in physical mode) option available on www.evoting.nsdl.com.
• c) If you are still unable to get the password by aforesaid two options, you can send a request at evoting@nsdl.com mentioning your demat account number/folio number, your PAN, your name and your registered address etc.
• d) Members can also use the OTP (One Time Password) based login for casting the votes on the e-Voting system of NSDL.
• 1. After entering your password, tick on Agree to "Terms and Conditions" by selecting on the check box.
• 1. Now, you will have to click on "Login" button.

• After you click on the "Login" button, Home page of e-Voting will open.

Step 2: Cast your vote electronically on NSDL e-Voting system.

How to cast your vote electronically on NSDL e-Voting system?

• 1. After successful login at Step 1, you will be able to see all the companies "EVEN" in which you are holding shares and whose voting cycle.
• 1. Select "EVEN" of company for which you wish to cast your vote during the remote e-Voting period.
• 1. Now you are ready for e-Voting as the Voting page opens.
• 1. Cast your vote by selecting appropriate options i.e. assent or dissent, verify/modify the number of shares for which you wish to cast your vote and click on "Submit" and also "Confirm" when prompted.
• 1. Upon confirmation, the message "Vote cast successfully" will be displayed.
• 1. You can also take the printout of the votes cast by you by clicking on the print option on the confirmation page.
• 1. Once you confirm your vote on the resolution, you will not be allowed to modify your vote.

General Guidelines for shareholders

• 1. Institutional shareholders (i.e. other than individuals, HUF, NRI etc.) are required to send scanned copy (PDF/JPG Format) of the relevant Board Resolution/ Authority letter etc. with attested specimen signature of the duly authorized signatory(ies) who are authorized to vote, to the Scrutinizer by e-mail to pdcsngp@gmail.com with a copy marked to evoting @nsdl.com. Institutional shareholders (i.e. other than individuals, HUF, NRI etc.) can also upload their Board Resolution / Power of Attorney / Authority Letter etc. by clicking on'"Upload Board Resolution / Authority Letter" displayed under "'e-Voting" tab in their login.
• 1. It is strongly recommended not to share your password with any other person and take utmost care to keep your password confidential. Login to the e-voting website will be disabled upon five unsuccessful attempts to key in the correct password. In such an event, you will need to go through the "Forgot User Details/Password?" or "Physical User Reset Password?" option available on www.evoting.nsdl.com to reset the password.
• 1. In case of any queries, you may refer the Frequently Asked Questions (FAQs) for Shareholders and e-voting user manual for Shareholders available at the download section of www.evoting.nsdl.com or call on : 022 - 4886 7000 or send a request to NSDL at evoting @nsdl.com

Process for those shareholders whose email ids are not registered with the depositories for procuring user id and password and registration of e mail ids for e-voting for the resolutions set out in this notice:

• 1. In case shares are held in physical mode please provide Folio No., Name of shareholder, scanned copy of the share certificate (front and back), PAN (self-attested scanned copy of PAN card), AADHAR (self-attested scanned copy of Aadhar Card) by email to sobhagyamercantile9 @ gmail.com.
• 1. In case shares are held in demat mode, please provide DPID-CLID (16-digit DPID + CLID or 16-digit beneficiary ID), Name, client master or copy of Consolidated Account statement, PAN (self-attested scanned copy of PAN card), AADHAR (self-attested scanned copy of Aadhar Card) to sobhagyamercantile9@ gmail.com. If you are an Individual shareholders holding securities in demat mode, you are requested to refer to the login method explained at step 1 (A) ie. Login method for _e-Voting for Individual shareholders holding securities in demat mode.
• 1. Alternatively, shareholder/members may send a request to evoting@nsdl.com for procuring user id and password for e-voting by providing above mentioned documents.
• 1. In terms of SEBI circular dated December 9, 2020 on e-Voting facility provided by Listed Companies, Individual shareholders holding securities in demat mode are allowed to vote through their demat account maintained with Depositories and Depository Participants. Shareholders are required to update their mobile number and email ID correctly in their demat account in order to access e-Voting facility.

ANNEXURE TO THE NOTICE

EXPLANATORY STATEMENT PURSUANT TO SECTION 102 AND 110 OF THE COMPANIES ACT 2013

Item No. 1:

In terms of Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ("SEBI Listing Regulations"), as amended, any transactions with a related party shall be considered material, if the transaction(s) entered into/to be entered into individually or taken together with the previous transactions during a financial year exceeds ~ Rs. 1,000 crore or 10% of annual consolidated turnover of the Company as per the last audited financial statements of the Company, whichever is lower, and shall require prior approval of shareholders by means of a Ordinary Resolution. The said limits are applicable, even if the transactions are in the ordinary course of business of the concerned company and at an arm's length basis.

	ANNEXURE TO THE NOTICE
	EXPLANATORY STATEMENT PURSUANT TO SECTION 102 AND 110 OF THE COMPANIES ACT 2013
	The following Statement sets out all material facts relating to Resolution No. 1 mentioned in the accompanying Notice.
Item No. 1:
terms In	Regulation Obligations SEBI (Listing the 23 of of Regulations, 2015, ("SEBI Listing Regulations"), as amended, any transactions with a related party shall be considered material, if the transaction(s) entered into/to be entered into individually or taken together with the previous transactions during a financial year exceeds ~ Rs. 1,000 crore or 10% of annual consolidated turnover of the Company as per the last audited financial statements of the Company, whichever is lower, and shall require prior approval of shareholders by means of a Ordinary Resolution. The said limits are applicable, even if the transactions are in the ordinary course of business of the concerned company and at an arm's length basis.	Requirements) and Disclosure
	The Company, in order to further its business interests and to facilitate seamless contracting and rendering/availing of product/services between the Company and "related parties", the Company seeks the approval of the shareholders to approve entering into contracts/arrangements as per conditions mentioned herein below. All the contracts/arrangements and the transactions with "related parties" are reviewed and approved by the Audit Committee. The details of transactions that require approval are given below:
	S.NO. Particulars	Description
1	Name of the related party	MKS CONSTRO-VENTURE PVT LTD
2	Nature of relationship [including nature of its interest (financial or otherwise)]	Related party in which directors are interested
3	Type and Particulars of the proposed transaction	Sale of Goods and Services
4	Nature, Duration/ tenure, material terms, monetary value and particulars of contract/ arrangement	Nature: Sale of Goods and Services Tenure: 1 Year
5	Tenure of the transaction	1 Year
6	Value of the proposed transaction	115 Crore
7	Percentage of annual consolidated turnover, for the immediately preceding financial year, that is represented by the value of the proposed transaction	100.00%
8	Benefits of the proposed transaction	1.The proposed transaction will aid the growth of the Company's business. Better Price as compared to 2. outsider
9	Details of the valuation report or external party report (if any) enclosed	NA
	11

	with the Notice
	Name of the Director or Key	Shrikant Bhangdiya
	Managerial Personnel, who is related
	or interested Additional disclosures to be made in	NA
	case loans, inter-corporate deposits,
	advances or investments made or
	given
	Any other information that may be	NA
	Relevant
	S.NO. Particulars	Description
	Name of the related party	B. K. Buildcon
	Nature of relationship [including nature ofits interest Related party in which directors
	(financial or otherwise)]	are interested
	Type and Particulars of the proposed transaction	Sale of Goods and Services
10 11 12 1 2 3 4	Nature, Duration/ tenure, material terms, monetary	Nature: Sale of Goods and
	value and particulars of contract/ arrangement	Services Tenure: 1 Year

	with the Notice
10	Name of the Director or Key	Shrikant Bhangdiya
	Managerial Personnel, who is related
	or interested
11	Additional disclosures to be made in	NA
	case loans, inter-corporate deposits, advances or investments made or
	given
12	Any other information that may be	NA
	Relevant
	S.NO. Particulars	Description
	Name of the related party	B. K. Buildcon
1 2	Nature of relationship [including nature ofits interest Related party in which directors
	(financial or otherwise)]	are interested
3	Type and Particulars of the proposed transaction	Sale of Goods and Services
4	Nature, Duration/ tenure, material terms, monetary	Nature: Sale of Goods and
	value and particulars of contract/ arrangement	Services
		Tenure: 1 Year
5	Tenure of the transaction Value of the proposed transaction	1 Year 50 Crore
6	Percentage of annual consolidated	43.50%
7	turnover, for the immediately
	preceding financial year, that is
	represented by the value of the
	proposed transaction
8	Benefits of the proposed transaction	proposed transaction 1.The will
		aid the growth of the Company's business.
		2. Better Price as compared to
		outsider
9	Details of the valuation report or	NA
	external party report (if any) enclosed
	with the Notice
10	Name of the Director or Key	Shrikant Bhangdiya
	Managerial Personnel, who is related or interested
11	Additional disclosures to be made in	NA
	case loans, inter-corporate deposits,
	advances or investments made or
	given
12	Any other information that may be	NA
	relevant

	S.NO. Particulars Name of the related party	Description R.B. Infra
1 2	Nature of relationship [including nature ofits interest Related party in which directors
	(financial or otherwise)]	are interested
3	Type and Particulars of the proposed transaction	Sale of Goods and Services
4	Nature, Duration/ tenure, material terms, monetary value and particulars of contract/ arrangement	Nature: Sale and Purchase of
		Goods and Services Tenure: 1 Year
5	Tenure of the transaction	1Year
6	Value of the proposed transaction	40 Crore
7	Percentage of annual consolidated turnover, for the immediately	34.50%
	preceding financial year, that is
	represented by the value of the
8	proposed transaction Benefits of the proposed transaction	proposed transaction 1.The
		aid the growth of the Company's
		business.
		2. Better Price as compared to outsider
9	Details of the valuation report or	NA
	external party report (if any) enclosed
10	with the Notice Name of the Director or Key	Shrikant Bhangdiya
	Managerial Personnel, who is related
	or interested
11	Additional disclosures to be made in case loans, inter-corporate deposits,	NA
	advances or investments made or
12	given Any other information that may be	NA

For and on behalf of the Board of Directors of Sobhagya Mercantile Limited

Sd/- Shrikant Bhangdiya Managing Director (DIN: 02628216)

Place: Nagpur Date: 27th May, 2024

Registered Office: B-61, Floor 6, Plot No. 210, B-Wing, Mittal Tower, Free Press Journal Marg, Nariman Point, Mumbai - 400021, Maharashtra, India Tel: 022-22882125 Email: sobhagyamercantile9@gmail.com Website: www.sobhagyaltd.com CIN: L45100MH1983PLC031671